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Nov 26, 2012
11/12
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FBC
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest he
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner,...
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Nov 24, 2012
11/12
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FBC
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let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new
let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that...
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Nov 26, 2012
11/12
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it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a for-profit company running one are two schools or a network of schools and having a goal at the end of the year to have money left over to reinvest in the business to make a better and to return over some time to return to shareholders. even at harvard business school, a very small percentage of this was ok. it seemed the paradigm was what kind of activities to be the same the public sector has a legitimate right to provide. therefore it seems an encroachment from the private sector trying to somehow capture rents that are somehow more appropria
it is all tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a...
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i laid out yesterday's daily take it's possible that karl rove use republican tech companies smart tax servers in chattanooga tennessee back in two thousand and four to flip the vote totals in ohio and thus steal the election that year for george w. bush and just as possible they try to do the same thing this year on romney's behalf but was thwarted by the hacktivist group anonymous many people have responded to these claims of a variation on ads impossible a presidential candidate committed treason and would never happen of a did it be front page news everybody would know about it right or wrong consider some simple history the first republican president my lifetime was dwight d. eisenhower and there's not a hint of scandals so seated with that election maybe that's because he supported the ninety one percent top marginal income tax rate on the rich and approved a very popular new deal programs like social security and unemployment benefits but i believe eisenhower was the last legitimately elected republican president. richard nixon who won the one nine hundred sixty eight election a
i laid out yesterday's daily take it's possible that karl rove use republican tech companies smart tax servers in chattanooga tennessee back in two thousand and four to flip the vote totals in ohio and thus steal the election that year for george w. bush and just as possible they try to do the same thing this year on romney's behalf but was thwarted by the hacktivist group anonymous many people have responded to these claims of a variation on ads impossible a presidential candidate committed...
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Nov 24, 2012
11/12
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FBC
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tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the money, they are spending it.they they will not spend less because they have a marginal tax rate increase. it's not like all the sudden, you know, bloomberg or romney says we can't go to dinner next week. they will still spend money. it's a matter of saying how doho we get people who are not at that level to have conditions where th can spend. melissa: in the 80s, they lower tax rates issue and revenues go up, and revenues, 1981 to 1988, from $599 billion to $909 # billion. i'm just saying if the problem's revenue and you want more money in treasury, there seems that's a period of time we did it ti de
tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the...
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Nov 26, 2012
11/12
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expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize later. the american people have seen that game before. they won't be fooled again. >> the top republican on the senate budget chel explained the g.o.p. plan to bring in mo
expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the...
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Nov 29, 2012
11/12
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CSPAN2
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tax and spend, not taxes to reduce deficits. taxes to fund new spending. that's why the budget, it puts us on track to have $25 trillion in total debt at the end of ten years, another almost $10 trillion in debt headed to the current debt level. so insofar as i can see, that tax-and-spend policy remains his goal today. the white house isn't planning to raise taxes to reduce the deficit, raise taxes under their plan to expand government. and that's not -- i don't believe congress will accept such a deal if that's what's going on in the secret negotiations. president obama campaigned on tax increases just on the wealthy, just on raising their rates, just only $800 billion in tax increases. but now the white house is demanding $1.6 trillion in tax increases. don't the american people have a right to see where those taxes fall, who this will impact and how much they are? shouldn't the president lay out his plan? the president of the united states, the only person who represents everybody in the country, will that remain a secret? will it just be revealed to us
tax and spend, not taxes to reduce deficits. taxes to fund new spending. that's why the budget, it puts us on track to have $25 trillion in total debt at the end of ten years, another almost $10 trillion in debt headed to the current debt level. so insofar as i can see, that tax-and-spend policy remains his goal today. the white house isn't planning to raise taxes to reduce the deficit, raise taxes under their plan to expand government. and that's not -- i don't believe congress will accept...
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Nov 26, 2012
11/12
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todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> does it mean we might be closer to a fiscal cliff compromise? athena jones takes a closer look. >> reporter: that's, of course, the big question here. we know in the meeting the president had with lawmakers the friday before thanksgiving there was a lot of positive talk coming out of that with leaders on both sides saying the meeting was constructive, that lawmakers understood their responsibilities, and that they were going to work to
todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for...
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which has acted as a catalyst for this latest drive for independence the region as a whole pays more in taxes to the spanish government than it gets back and that really rankles the residents here with unemployment rates at around twenty five percent there are those who are against separatism some people do say that the region's economy could suffer if it is forcibly draw from the spanish market and potentially the european union market however straw polls do suggest a majority of people are in favor and that are for mass won't be reelected on sunday and therefore give the spanish prime minister a headache he would rather not have a recap of our top stories more news coming your way at eleven pm moscow time that's right after this short break. please speak your language. programs in documentaries in arabic in school here on. reporting from the world's hot spots p.r.p. interviews intriguing story or you. can try. to find out more visit our big teeth don't call. the mission free cretaceous a free country or charges free. range month free risk free. to tide free. download free broadcast quality
which has acted as a catalyst for this latest drive for independence the region as a whole pays more in taxes to the spanish government than it gets back and that really rankles the residents here with unemployment rates at around twenty five percent there are those who are against separatism some people do say that the region's economy could suffer if it is forcibly draw from the spanish market and potentially the european union market however straw polls do suggest a majority of people are in...
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Nov 25, 2012
11/12
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today two more republicans who previously refused to consider tax hikes are
today two more republicans who previously refused to consider tax hikes are
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Nov 21, 2012
11/12
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MSNBCW
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let's point out, too, the president must like the bush tax comes. he's accepted 80% of them for about 95% of the american people. so he's ruled a lot of revenue off the table himself. i agree with him on that, but let's recognize that absent reform and these basic entitlement programs you're simply putting a band-aid on a problem that requires major surgery. >> congressman tom cole, happy thanksgiving to you and yours. thank you. >> thank you. >> back to the middle east now where secretary of state hillary clinton has obviously been very busy moving between jerusalem, the west bank, egypt. nbc's stephanie gosk is live in tel aviv. what are you hearing about the cease fire? >> reporter: you know, we were on the cusp of a cease-fire it seemed like last night and it seemingly fell apart. however, we did hear from israeli prime minister benjamin netanyahu that they still want a diplomatic solution, which is a real sign that at the very least the negotiations are still going on. we know that secretary clinton is shuttling back and forth throughout the re
let's point out, too, the president must like the bush tax comes. he's accepted 80% of them for about 95% of the american people. so he's ruled a lot of revenue off the table himself. i agree with him on that, but let's recognize that absent reform and these basic entitlement programs you're simply putting a band-aid on a problem that requires major surgery. >> congressman tom cole, happy thanksgiving to you and yours. thank you. >> thank you. >> back to the middle east now...
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Nov 25, 2012
11/12
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. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no dat
. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come...
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Nov 21, 2012
11/12
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CSPAN
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something about taxes -- taxes are extracted. usually paid voluntarily. that is an oversimplification. actually, officials at the irs will tell you well over 90% of individual taxpayers governments necessarily wrong. we all want government voluntarily and responsibly comply with tax laws. there is plenty of tax evasion out there, but most americans fulfill their responsibilities, but taxes are extracted. we have to pay for government. we, in public administration, believe in good government. the problem is, how do we maintain it would we have to criticize it all the time? how do we maintain the good parts of it? the other contribution to the decline in the prestige reagan , even of government included pro-market anti-government. by economists which were very prominent academically. reaganomics was, in a sense, invented on university campuses. the media describe themselves as a watchdog, quite appropriately. it is essential we have an aggressive news media that hold the government and other entities accountable. if they are doing things wrong, we want them
something about taxes -- taxes are extracted. usually paid voluntarily. that is an oversimplification. actually, officials at the irs will tell you well over 90% of individual taxpayers governments necessarily wrong. we all want government voluntarily and responsibly comply with tax laws. there is plenty of tax evasion out there, but most americans fulfill their responsibilities, but taxes are extracted. we have to pay for government. we, in public administration, believe in good government....
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Nov 25, 2012
11/12
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CNNW
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apart from brazil and argentina, taxes are low across the region. how do you increase them. as we all know in the united states, entitlements once given are hard to take back. it's hard to read about those who climb out of poverty. but latin america faces challenge to sustain these gains, otherwise we could look back on this period as a peak from which it fell. >>> up next we tend to think of international politics as a complicated science. my next guest says it's actually quite simple and it pertains to a subject we've all been taught about in school. i'll explain. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. anyo
apart from brazil and argentina, taxes are low across the region. how do you increase them. as we all know in the united states, entitlements once given are hard to take back. it's hard to read about those who climb out of poverty. but latin america faces challenge to sustain these gains, otherwise we could look back on this period as a peak from which it fell. >>> up next we tend to think of international politics as a complicated science. my next guest says it's actually quite simple...
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basically they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees but they don't do that because they have good lives. here in kurdistan is very un klondyke people can say that the gold they gather is for personal use for example to make dentures from the precious metal a gold smile here is a symbol of prosperity and is considered the equivalent of a healthy bank deposit. well i don't feel any reverence for gold i mean they bring it to me and i make tea for them i take money for what i do it's just immaterial to me many choose golden teeth to make them more beautiful basically having gold in your mouth is very healthy it helps digestion. you know you. with the head of the gold palace family he first met a year ago. twenty grams then. much more modest when the youngest son took his life the best painter in the family had been lost when the gold rush started a gram of gold could be sold for a thousand. t
basically they have to get a license and pay taxes but living conditions in the region on good and many people are very poor. so we don't always make them do it. in winter they spend all day standing in the water even when it's up to minus forty degrees but they don't do that because they have good lives. here in kurdistan is very un klondyke people can say that the gold they gather is for personal use for example to make dentures from the precious metal a gold smile here is a symbol of...
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Nov 24, 2012
11/12
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FBC
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we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is bein
we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing...
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Nov 27, 2012
11/12
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KQED
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barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things headed that way? but i think eventually they will. the good news -- >> i think eventually they will. the good news is that it is more like a fiscal beach. it is not like the debt ceiling. it is not a sudden that situation. there is a bit more flexibility. but one of the issues emerging is what the attitude of richer americans will be and whether they will accept the need to pay higher taxes. you probably read, as i did today, a very interesting op-ed by warren buffett, who points out that early in his career in the 1950's and 1960's when he was making a lot of money, the tax rate was many time
barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things...
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Nov 26, 2012
11/12
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taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week. this morning we'll meet with house majority leader eric cantor live in "america's newsroom.". next hour we talk to him where these negotiations are. how much each side is willing to give up and what they want in return. ultimately will they get a deal? eric cantor coming up next hour. martha: it is all in the language and semantics of these discussions. as u.s. lawmakers continue all this wrangling over some kind of budget deal we work towards here at home, european lawmakers are meeting today on their fin
taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retailers during this deholiday shopping season. white house economists saying quote, as we approach the holiday season which accounts for 1/5 of industry sales, retailers can not afford the threat of tax increases on middle class families. bill: as we learn more about what each side is kill willing to concede in this argument president obama meets with leaders later in the week....
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Nov 21, 2012
11/12
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CNBC
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i mentioned the tax issues. >> the tax issues people have shown that they don't care about it. we have seen it. people still don't change the buying habits yet. >> my point. >> you like the samsung. >> and i own google. it is the closest to creating its own ecosystem to the likeness of the apple. they are every place. they give you so many choices. you don't have the one stop shopping with the iphone. you get the phones and everything else that comes along with it. >> everything else? search is the biggest thing. self drive car. >> look at those legs. >> i have great legs. >> that was a few years before. >> now you can really lift the packages. >> it's a family show. >> i meant packages. >> it's a family show. put a ribbon on that. >>> jane wells joins us with a look at what is going on next. >> nice package, guy. we are going to talk poker, football and if people left their hearts in san francisco where did they leave their brains? we will find out after the break. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to pr
i mentioned the tax issues. >> the tax issues people have shown that they don't care about it. we have seen it. people still don't change the buying habits yet. >> my point. >> you like the samsung. >> and i own google. it is the closest to creating its own ecosystem to the likeness of the apple. they are every place. they give you so many choices. you don't have the one stop shopping with the iphone. you get the phones and everything else that comes along with it....
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Nov 26, 2012
11/12
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. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions, they don't specify what specific deductions it would be but that is the cap of tax deductions you could take and there by after that point you don't get any more deductions, so the amount of taxes you pay goes up. now this is not new, jon, this is what really mitt romney and paul ryan were running on, as they talked about it they got hammered again and again for not being specific on what tax deductions and loopholes were going to close. but this was the line for the republican standard bearer, the candidate. so when you hear these senators and congressmen talking about that and
. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions,...
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Nov 25, 2012
11/12
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CSPAN
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there were tax cuts for the rich and tax cuts for the middle class. we want to give the middle class a shot for success as the economy is recovering. the gap between rich and poor in this country has never been greater. we need to find ways to create more balanced. we are fighting to say, less than have -- let's go back to the tax rate we had in the clinton era. when you are talking about marginal tax rates for those who are making above $250,000 -- the bottom line in california is not about pensions. california has passed do revenue from the recent election to try to get money back into schools. you are right that in a public education system, parents should not be asked to subsidize each and every day. that is what is happening in lots of places. i have seen across the country how parents are being axed. it would be better -- i have seen across the country how parents are being asked. there has to be transparency and there has to be accountability in terms of what the money is used for. thes go in and looked at well-rounded education kids have in pr
there were tax cuts for the rich and tax cuts for the middle class. we want to give the middle class a shot for success as the economy is recovering. the gap between rich and poor in this country has never been greater. we need to find ways to create more balanced. we are fighting to say, less than have -- let's go back to the tax rate we had in the clinton era. when you are talking about marginal tax rates for those who are making above $250,000 -- the bottom line in california is not about...
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Nov 24, 2012
11/12
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FOXNEWSW
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largest in the game's history a single winner would cash out 213 million before taxes. you can buy tickets in 42 states, including washington, d.c. and the united states virgin islands. a special edition of on the record starts now. >>> tonight, senators mccain and graham former u.n. ambassador bolton, pat buchanan, former state department official liz cheney and former secretary of state henry kissinger, they are all here. we are looking ahead to foreign policy in president obama's second term. this is a special edition of "on the record." >> four years later after the nobel peace prize where do we stand as a nation? in case you haven't her, bin laden is dead, that's good. that's not a foreign policy. there is no coherent foreign policy when we need one. >> we keep hoping something is going to change but it isn't. >> one of the ramifications of an obama presidency is defense is not going to grow. >> the coordinated preplanned and brazen taxes again the u.s. consulate in benghazi, september 11th, was an outrage. >> security was laxed. >> it appears to many persons ma th
largest in the game's history a single winner would cash out 213 million before taxes. you can buy tickets in 42 states, including washington, d.c. and the united states virgin islands. a special edition of on the record starts now. >>> tonight, senators mccain and graham former u.n. ambassador bolton, pat buchanan, former state department official liz cheney and former secretary of state henry kissinger, they are all here. we are looking ahead to foreign policy in president obama's...
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Nov 28, 2012
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cut dilemma. >> every republican in congress signed a no tax pledge created by americans for tax reform chair, grover norquist. now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- what's his name? i got it. don't help me. don't help me. rip flaumbe. >> we recently reported "the on june" satire newspaper named north korean leader kim jong un the sexiest man alive. apparently the joke was lost on china's communist party newspaper. they ended up running a 55-page spread of the leader congratulating him for the title. you can understand how that can be confusing, you know, his fashion sense. >> because i'm gullible? >> a little bit of everything. come on. you've got to have found with it. >> the "two and a half men" with thing, should we believe the video where he was live or the pr statement? >> i think we should believe he makes $350,000 an episode and that's enough said. >>> this is from care 11 news in minneapolis, where a wave of baby blue swept through a maternity ward for three days. delivery room doctors shouted it's a boy 19 consecutive times betwee
cut dilemma. >> every republican in congress signed a no tax pledge created by americans for tax reform chair, grover norquist. now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- what's his name? i got it. don't help me. don't help me. rip flaumbe. >> we recently reported "the on june" satire newspaper named north korean leader kim jong un the sexiest man alive. apparently the joke was lost on china's communist party newspaper. they ended...
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Nov 22, 2012
11/12
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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Nov 23, 2012
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a tax on business. a tax on consumers. so you have the added layer of people not wanting to raise taxes on the american people and business. the other thing, i can't remember who alluded to it earlier about all of these storms crippling us. how with we going to pay for the aftermath of all of these superstorms when we're $16 trillion in debt, trying to figure out how we're going to lower the debt, trying to figure out how we're going to pay for all of the obligations we have to pay for now and then you have the added impact of these superstorms. where's the money going to come from? >> good question. >> it is a great question. >> bill karins, thank you. >> yeah, no problem. i mentioned new orleans, we spent almost $15 billion to do the flood mitigation there. isaac came. no damage whatsoever. estimated on this one was $50 million. they're saying it would cost another $15 billion to protect new york city from surges. do we do that? do we go and build the protection in new york harbor to protect lower man hatten? manhattan?
a tax on business. a tax on consumers. so you have the added layer of people not wanting to raise taxes on the american people and business. the other thing, i can't remember who alluded to it earlier about all of these storms crippling us. how with we going to pay for the aftermath of all of these superstorms when we're $16 trillion in debt, trying to figure out how we're going to lower the debt, trying to figure out how we're going to pay for all of the obligations we have to pay for now and...
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Nov 26, 2012
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minimum tax. is there a reason or desire in the white house to have a more permanent pass on that? >> one of the problems that we face with our tax policy is lack of certainty. the alternative minimum tax in particular has extra inflation that causes an ad hoc adjustments every year and creates uncertainty. i do not want to go beyond that. that is not something that we listed in the report. >> i would like to bring in today, cyber-monday, and black friday into the equation. how would retail sales from today and friday helped retail sales going into the economy? how does it affect this economy and the economic situation right now? what will the effect be if we did not have middle-class tax cuts any more? could you give us today and next year possibilities? >> retail spending is extremely important for the economy. as you mentioned, consumption accounts for 70% of our gross domestic product. to put the figure in context, if no class tax cuts are not extended and spending falls next year, that is fou
minimum tax. is there a reason or desire in the white house to have a more permanent pass on that? >> one of the problems that we face with our tax policy is lack of certainty. the alternative minimum tax in particular has extra inflation that causes an ad hoc adjustments every year and creates uncertainty. i do not want to go beyond that. that is not something that we listed in the report. >> i would like to bring in today, cyber-monday, and black friday into the equation. how...
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Nov 22, 2012
11/12
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it looks like a tax, it acts like a tax, it is a tax and congress can do it. host: next is from maryland on the independent line. caller: good morning, i have a statement and a question. i notice that the perception of black man might be a little old. many of us are manipulated by the media. i know this when i am even watching c-span when i hear individuals with an african- american cadence, these particular callers get screened. you rarely hear an intelligent black male on c-span. host: we get a lot of callers and we want to hear from all callers. did you have a question? caller: what is your plan to advance the black agenda? we know that black america and the inner cities have been neglected more than occasionally, academically and otherwise. what is the prescription to fix that? guest: i'm the wrong one to ask that question. i think there is a need for improvement in education and better funding and better standards. president obama is quite interested in that subject but is not a subject that gets into the courts and gets decided as a legal issue. i don't
it looks like a tax, it acts like a tax, it is a tax and congress can do it. host: next is from maryland on the independent line. caller: good morning, i have a statement and a question. i notice that the perception of black man might be a little old. many of us are manipulated by the media. i know this when i am even watching c-span when i hear individuals with an african- american cadence, these particular callers get screened. you rarely hear an intelligent black male on c-span. host: we get...
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Nov 26, 2012
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that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that could be affected by income in the new year but something to think about if you have something on hand. >> the alternative minimum tax always gets complicated. >> don't sweat it. this is the amt tax. a lot of folks worry about it they haven't had to pay it before. 34 million more american households will be subjected to this ant tax if we fall off the fiscal cliff. they are saying don't fan panic about it. that many more households affected they are likely to come to some sort of agreement by the end of the year. >> that's good nis. why should we pay for next semester's tuition before the end of the year? >> you are still
that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateable donations that...
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Nov 23, 2012
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taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock step now than they were during the summer of 2011. if that holds, it really could help the house of representatives to get on 3w0rd of some type of idea. >> we've heard from chairman bernanke and others. how much of a factor will the fed and the ceos of all these major companies be as we get closer to this major deadline? >> one of the questions is how do people react where all these tax increase, all these spending cuts take effect. if there's no deal in the middle of december, say, do we start to see some real impacts? do companies start slowing their capital spending plans, do t
taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock...
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Nov 28, 2012
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the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless letters about the rumors. david morrison has a big job. >> iville lun teared to answer the questions the public sends in. >> some of the pivotal scientific questions of our time. >> these are questions about life in the universe. and that went along fine until fours years ago. suddenly i started getting questions about
the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd...
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Nov 22, 2012
11/12
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. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an entrepreneur that works hard, you are talking about the people initially -- teresa heinz kerry, warren buffett, that's who will be hit the hardest? >> absolutely. the proposal had an exemption of proposals with up to $500,000 in wealth. that exempts most households right there. >> how did you draw that line? even on the bentley, people will say it has dents and it's not worst much. how do you have that? >> we have a lot of cheating with income tax and with a wealth tax, i'm sure people would try to cheat on that as well. we might have to have high slightly higher rates. but fighting wealt
. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an...
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Nov 22, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of fifth avenue, lining the streets, the music is filling the air. this is the 86th annual macy's thanksgiving day parade. a late start of the to the morning, but as you can see, macy's welcoming newcomers through a lineup of giant balloons this year, including elf on a shelf and papa smurf. wow, that is a big santa. it looks like he has already had a turkey or two this morning. speak to the family of a missing soldier making a desperate search for their daughter and sister's disappearance. kelly bordeaux, here is her picture, she vanished after a night out back in april. the search for the 23-year
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of...
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Nov 26, 2012
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this new report says that if taxes go up at the end of the year for middle and condemincome tax. it would reduce consumer spending by nearly 2 $1 billion next year. >> a new national poll suggests that americans understand that the physical cliff is no joking matter. two-thirds of people questioned and a c n f o r c poll says that the u.s. would face a crisis or major problems of the country when off the fiscal clifford the end of the year. >> beauty giant l oreal is buying the edgy privately owned make the brent urban decay. the deal, estimated to be about $300 million, will millionl oreal another entry into the fast-growing area of special is brest, which is says represents 44% area of special is brest, which is saylook at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you'r
this new report says that if taxes go up at the end of the year for middle and condemincome tax. it would reduce consumer spending by nearly 2 $1 billion next year. >> a new national poll suggests that americans understand that the physical cliff is no joking matter. two-thirds of people questioned and a c n f o r c poll says that the u.s. would face a crisis or major problems of the country when off the fiscal clifford the end of the year. >> beauty giant l oreal is buying the edgy...
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Nov 25, 2012
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it's the 2% we don't agree on, and the republicans could hold up tax release for 98% of americans. i think the public also needs to know that what's happening in the congo is a humanitarian crisis, almost going to be at the tipping point and it's one of the most desperate places in the world and these people in camps are on the road and there will be great death and disease there and we need to contribute to the red cross and others to help the people in goma and in the eastern congo and that the grizzlies are the best team in basketball. >> you really touched all the bases there. katrina? >> people need to know we have come one step closer to ending the ineffective and inhumane drug wars in this country with the initiatives that passed in washington and colorado on november 6. al also, the war on drugs affects disproportionately african-americans and latinos and it's failed. >> what they're setting up there, the regulatory system -- >> people should know as the justice department and cia write a policy that was supposed to endoris the drone targeting, china has developed their own
it's the 2% we don't agree on, and the republicans could hold up tax release for 98% of americans. i think the public also needs to know that what's happening in the congo is a humanitarian crisis, almost going to be at the tipping point and it's one of the most desperate places in the world and these people in camps are on the road and there will be great death and disease there and we need to contribute to the red cross and others to help the people in goma and in the eastern congo and that...
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Nov 22, 2012
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tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here, that would tax the wealthy as opposed to the rich, it's against the constitution right now to tax wealth in this country. >> that's right. can't have a direct tax like that. we needed a constitutional amendment to get the income tax back, so we need another amendment. it's 100 years later, let's update for the 21st century. >> i want to change the voting day. i'm all for it. let's break down your math. if we taxed wealth, where people accumulate over time. 2010, 58 trillion dollars. if you put 1.5% tax, $870 billion. that's a lot of money. more than we got on income tax t
tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here,...
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Nov 28, 2012
11/12
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in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more impressive. 365 electoral votes to 1703. wait a minute. that's quite a little difference . of falloff in the popular vote and a ar less impressive electoral victory this year. let's look at the legislative branch, th senate, the house. fifty-five for democratic senators. forty-five will be republican. 200 democratic representatives to 234 in the house of representatives. he is down here. pretty impressive for the republicans. by the way, when you combine the senate and house there are still a lot more republicans than capitol hill then there ar
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that'simpressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more...
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Nov 21, 2012
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consumption tax is difficult if you try to do a value added tax. there are things you can do to tweak the income-tax to make it look like a value added tax. >> at the end of the day, what you think the tax code will look like when these conversations between the president and speaker john boehner are done? what will look like when they are done? >> i think we will have slightly higher marginal tax rates on some -- at least one high income tax bracket and i think there will be a variety of tax and exclusions and deductions that are scaled back modestly and that's about it. >> it scaled-back means capt. someone, i agree completely. ." >> i think we will see some of those things rolled back. i think the top rate will be in between 39 and 45%. >> we have some common ground among our economists where we will end up. thank you for joining us and thank you all. i appreciate the pedersen foundation to participate. >> as i have contemplated how the burlington -- the meeting to close, i remember a nobel prize winner at the university of chicago where it was
consumption tax is difficult if you try to do a value added tax. there are things you can do to tweak the income-tax to make it look like a value added tax. >> at the end of the day, what you think the tax code will look like when these conversations between the president and speaker john boehner are done? what will look like when they are done? >> i think we will have slightly higher marginal tax rates on some -- at least one high income tax bracket and i think there will be a...
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Nov 21, 2012
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there would be an average tax increase of $3,500 per household, and 88% of households will see taxes rise, 88%. kansas republican is on the house budget committee and he joins us for more. thanks for joining us first of all. >> good morning. heather: going over the cliff it will affect different households in different ways depending on income, marital status, number of children, and other things. i want to start with tpwh-bg level. low-income households will be hit the hardest. why? >> well, there are many credits that were in the bush obama tax cuts, those expire and it will impact literally as you mention tens of millions are americans are going to be impacted. what we hear out of the white house, it's mainly top income earners but that is far from the facts. this will have a devastating impact for many people. for the holiday season it could be a devastating blow to the economy as well. heather: something else i found interesting when i was looking through the stats, a married couple making between 20 to 30,000 a year will go from receiving on average a $15 tax credit to owing ov
there would be an average tax increase of $3,500 per household, and 88% of households will see taxes rise, 88%. kansas republican is on the house budget committee and he joins us for more. thanks for joining us first of all. >> good morning. heather: going over the cliff it will affect different households in different ways depending on income, marital status, number of children, and other things. i want to start with tpwh-bg level. low-income households will be hit the hardest. why?...
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Nov 21, 2012
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after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you throw these programs out. you run them more efficiently. you look at the fraud or waste and abuse that's been identified and then you come into the revenue picture. you know. people will call me and say, we need to trim this program. good with me, but the problem is it doesn't generate the difference that you need to make here. >> nebraska senators calling for going big, tax reform and entitlement reform since those are huge lifts for congress. for now, they could set numbers for spending cuts and revenue increases and then order different departments and agencies to make it happen. one expert says congres
after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you...
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Nov 27, 2012
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if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will find a cyber monday tab with information on protecting yourself whenever you shop online including the top 10 internet scams to avoid. >>> before the rain gets here we've got some fog to contend with. we had a bunch of fog this morning and we're going to have a bunch of fog ben tomorrow -- fog again tomorrow morning. we have fog out toward san rafael, out toward black point area. the overnight low will get you fog as well. the recent rain and fog on the ground. the moisture now is cooling. as it cools to that dewpoint we get fog. it will impact your morning commute just as it did this morning. there was a dense fog a
if you don't pay sales taxes online then you owe a use tax that you must file on your state taxes which few people do. >> i think they need to do it nationally somehow. i think the country is missing out on a lot of sales tax. a lot of revenue. >> reporter: since september the state has collected less than $20 million from this so called amazon tax. and one board member said that of those who are supposed to be collecting this tax, few are doing so. >>> on ktvu.com you will...
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Nov 29, 2012
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taxes concern small business owners who met with the president yesterday. one of them runs an organic mushroom company. he told us that higher taxes will kill his business. >> we are most passionate about, a business like ours, if people are going to be taxed a couple more thousand dollars, that will affect us, as well. >> he admits his small business has benefited from programs he and friend started it three years and now they have 31 employees. >>> for the first time since the election, president obama will meet privately with the man he beat in the race for president, mitt romney. they will talk tomorrow about ideas reviving the economy. president obama said that he would reach out to mitt romney and hold that private meeting after the election. today the president met with yahoo ceo marissa myer. she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, fami
taxes concern small business owners who met with the president yesterday. one of them runs an organic mushroom company. he told us that higher taxes will kill his business. >> we are most passionate about, a business like ours, if people are going to be taxed a couple more thousand dollars, that will affect us, as well. >> he admits his small business has benefited from programs he and friend started it three years and now they have 31 employees. >>> for the first time...
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Nov 21, 2012
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very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reduction in spending it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plus deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering is contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in the benghazi time line and some extraordinary coincidences in the patraeus time line in the "chalk talk"e e next. fotheir annual football trip. that's do
very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reduction in spending it will be a modest reduction in the rate of...
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Nov 27, 2012
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cuts to 98% of tax players -- payers and should not hold those tax cuts hostage to an insistence that millionaires and billionaire the top 2% of america's taxpayers have to have a tax cut to. over the past couple of years, that segment of the american populous has done very well at a time when the middle class has been squeezed. i don't see a contradiction here. i see, you know, distinct challenges that are related and the president is very committed to the proposition that we can deal with these challenges if we come together in a -- and adopt a balanced approach. >> quick followup on that, every signal we've goten from the hill, including out here on the driveway after the last meeting with the president and also from you just said, essentially the fiscal cliff and a longer term package on tet and tax reform are combined. they're going to happen at once. when durbin says we have to deal with the fiscal cliff but not entitlements, doesn't the president have to win over members of his party and say, call it what you want, we're doing this and they are on the teable. >> it's hard for m
cuts to 98% of tax players -- payers and should not hold those tax cuts hostage to an insistence that millionaires and billionaire the top 2% of america's taxpayers have to have a tax cut to. over the past couple of years, that segment of the american populous has done very well at a time when the middle class has been squeezed. i don't see a contradiction here. i see, you know, distinct challenges that are related and the president is very committed to the proposition that we can deal with...